Form 4: Elaine L. Chao Reports Acquisition of Phantom Stock in Kroger Co.

Director Elaine L. Chao reports acquisition of phantom stock units in Kroger Co. through deferred compensation.

Summary

• On September 30, 2024, Elaine L. Chao, a director of Kroger Co., acquired 486.7421 phantom stock units through deferred compensation.
• These phantom stock units represent the right to receive cash equal to the value of one share of Kroger's common stock upon distribution from the deferred compensation account.
• The price of the derivative security was $53.93.
• Following the transaction, Chao beneficially owns 3,661.4447 derivative securities.
• Chao also directly owns 4,083.512 shares of Kroger common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard reporting of insider transactions.

Positives

• The acquisition of phantom stock demonstrates the director's continued investment in the company's future.

Future Outlook

Shares of phantom stock are payable in cash following termination of the reporting person's services as an Independent Director of The Kroger Co.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates